Almost 40% of workers in the United States are woefully unprepared for retirement, with less than $25,000 in total savings and investments. That’s not a huge surprise when you consider that 21% of workers with an employer-sponsored retirement plan are not contributing to their plan 44% are saving less than 10% of their income …
Read More »Monthly Archives: March 2018
Temenos Innovation Jam 2018
Temenos have 40 of the top 50 banks in the world running their software. After Moroku’s Chore Scout app was awarded 3rd best retail banking innovation in the world, by Temenos and their customers at their Innovation Jam in May last year, much has happened. After looking at 873 FinTech’s …
Read More »Youth Banking Segment
Moroku is passionate about building long term value by helping kids learn the fundamentals of banking and including them in the financial system. Our beliefs create our reality and if we can influence these positively magic can happen. Fintech companies are targetting the Millennials market segment across the world and challenging …
Read More »Financial Literacy becomes a compliance lever
The Community Reinvestment Act (CRA), enacted by the United States Congress in 1977 is intended to encourage depository institutions in the USA to help meet the credit needs of the communities in which they operate. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a …
Read More »Building Viral Banking Platforms
Moroku wants all kids to build a healthy relationship with and beliefs around money. We want to do this because we have a sense that money is a major way that we measure success and whilst it doesn’t create happiness there is no doubt that it is involved in many …
Read More »Bankstown Unity Live With Chore Scout
Bankstown Unity Live With Chore Scout Date: March 9th 2018 BANKSTOWN City Unity Bank has teamed up with Moroku to deploy their new kids banking app called Chore Scout, designed to help parents teach their kids about saving and budgeting.The Chore Scout app encourages kids to earn money from chores by …
Read More »